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Louis Brayer's Blog - Allied Mortgage Group, Inc.

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36714141_MYou want to sell you home quickly and for the highest possible price. But professional home staging can cost hundreds or thousands of dollars. The good news? There are plenty of things you can do to stage your home yourself for much less.

De-clutter. Start your home-staging journey by getting rid of the clutter. Don’t neglect the areas behind closed doors! Go through your closets and shelves. Home buyers look in there! Give away what you can, and store knick knacks and even extraneous furniture while your house is on the market. Too much furniture can make a room appear smaller.

Clean. After you’ve de-cluttered, give your property a deep cleaning. Dirt is a huge turnoff for home buyers. Don’t just do a basic cleaning. Clean your baseboards, your walls, (magic eraser products can do wonders for crayon and scuff marks!) the inside of your refrigerator and especially your bathrooms. Steam clean the carpets.

Assess curb appeal. Consider giving your front door a fresh coat of paint. At the very least, clean it! Put out some potted plants and make sure any hedges are trimmed straight. Keep the lawn neat and edged.

Get a second opinion. Invite an honest friend or relative to give your home a walk-through. Take notes on things you may have been overlooking. Ask them if they smell anything offensive anywhere in the house. You may be used to the smell of the room with the litter box and pet food but buyers won’t be! Remember, buyers want to visualize their own family in your house. That means you’ll want to remove any trace of anything that’s too personal, such as a huge family portrait collection or your husband’s collection of animals heads on the wall from all of this hunting trips.

Let the sun in. Get as much light in your home as possible. Clean the windows inside and out. And even when the curtains and blinds are all open, keep the lights on in your home while it’s being shown.

Questions? Your listing agent can be an invaluable resource with many more tips that can help you get your home ready for buyers!


54016312 - housewife from cleaning service cleans carpet with vacuum cleanerYou want to sell your home, but you don’t have a lot of money to invest in repairs and upgrades before it hits the market. You’re in luck! There’s a lot you can do to make your home more inviting to potential buyers that doesn’t cost a fortune. Here are some fairly inexpensive steps you can take before you list your home:

Clean the carpets. Investing in a professional carpet cleaning can be a great move, especially if you have small children and pets. Stained carpets aren’t exactly aesthetically appealing, and carpets can harbor all kinds of odors.

Make small repairs. Little things that aren’t right can make home buyers wonder what larger things may be wrong with your home. That’s why it’s always a good idea to fix things such as a leaky faucet, a missing roof shingle or a broken door handle before your home hits the market.

De-clutter. Reducing the amount of furniture and other items in your home can make your rooms look bigger. When trying to decide which items should go, consider giving anything that’s stained or broken the boot.

Clean walls. Handprints and dirty walls are a definite turnoff. Clean your walls, using a Mr. Clean Magic Eraser (or the same type of product) to get rid of scuffs and crayon marks. If your walls are really in bad shape or you went crazy with colors a few years ago, consider adding a fresh coat of paint.

Clean, clean and clean some more. Aside from the cost of cleaning supplies, elbow grease is free! A home that’s clean is more inviting to buyers, period.


32498400 - mortgage concept. isolated on white background 3dThink you need a huge down payment in order to buy a home? Then you’re in for some good news.

The “need” for big down payments is a myth in today’s lending environment. Truth is, programs offered by three federal agencies are helping borrowers buy a home with little or no down payment.

Wondering where to look for a program like that? Maybe this will help:

Federal Housing Administration: FHA-insured loans are the low-down option that’s available to the most borrowers.

Department of Agriculture. The biggest myth about the department’s Rural Development mortgage guarantee program is that it’s designed only for people who are buying farm land. But it’s simply not true. To qualify for a low-downpayment home loan backed by the Agriculture Department, you must purchase a home in a “rural” area, but you may be surprised at the number of areas that fit the definition. (Many do.)

Veterans Affairs. Formerly the Veterans Administration, this agency guarantees no-down payment mortgages for qualified veterans, active duty personnel, reservists/National Guard members and some surviving spouses.

For more details about these programs, give us a call.


The process of using a 203k loan

Jun 19
9:11
AM
Category | General

41668128_MReady to try your hand at renovating a home? There’s a loan to help with that.

The best candidates for a 203k loan are ones who don’t have a lot of extra cash in the bank and want to buy a home that needs to be renovated. Homes that need renovating will cost much less, and the 203k loan can pay for the improvements.

Get Started with a 203k Loan

If you think a 203k loan seems like it would be a sound financing option for you, talk to a mortgage professional. They can answer your questions. The lender will let you know how much of a home you can afford, and then you can work with a real estate agent to find one that meets the standards for the loan.

Once you choose a home you would like to purchase and renovate, you’ll need to select a contractor to assess the house. This contractor needs to be approved by the bank you’re using for the 203k loan. Make sure you tell the contractor exactly what you would like done, so they can come up with an accurate quote for the total renovation cost. The quote is then sent to the bank’s underwriting team, who will review and approve it if it meets their standards. The money for the renovations is held in an escrow account. As the contractor finishes milestones outlined on the contract, money is withdrawn to pay them.

Keep in mind that this type of loan is not for adding luxury finishes. This loan is for needed renovations. This is important, as it can be discouraging to find a home you feel needs to be renovated, but it does not meet the guidelines of the lender.

For more information on how you can take advantage of a 203k loan, contact Allied Mortgage Group. It may be the best way for you to get the home of your dreams within your budget.


Water-saving tips for home buyers

Jun 17
12:35
PM
Category | General

If you’re on the market for an older home, you’ll want to keep an eye out for water fixtures. Older homes don’t always have the latest in water-saving devices. Some even have a few water-wasters. The good news? A lot of these problems can be fixed quickly and cheaply and keep costs reduced on the water bill. Here are three issue areas to look for and how to fix them:

18561541 - head shower while running water

Shower heads. Putting in new, water-saving shower heads can have a big impact on your bill. Look for showerheads that average 2.5 gallons or less per minute.

Faucets. A dripping faucet can send gallons of water down the drain every day. This is the first place to start when checking for waste.

Toilets. Older toilets can use a lot more water than newer models, especially if an older one has a leak. Take a few minutes to inspect each toilet; you can typically hear and see evidence of leaks.

Another good way to save? Talk to your water company. Many municipalities have water-saving programs and incentives that can save you money. In some cases, they may be able to determine if you need a water pressure regulator, which could help cut down on your water use.


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